Today, if you plan about investment, then you will find many schemes in which you can easily invest. However, nowadays there are a lot of government schemes in which people think of investing more because they are considered much safer than the value of investment. In today’s time, everyone’s parents want that they can make more and more things for their children so that their child does not have to face any kind of problem because if you start saving from now on, then your child’s education and marriage will be useful everywhere. Today we are going to tell you some investment plans in which you will be free from all worries by investing.
Sukanya Samriddhi Yojana (SSY)
The government’s Sukanya Samriddhi Yojana (SSY) offers an attractive opportunity for Indian parents looking for a secure and beneficial investment option for their daughters’ future. Specially designed for the benefit of daughters, this scheme allows fathers of girls below the age of 10 years to start investing with both modest and substantial amounts. With a good interest rate of 8.2 per cent, SSY encourages long term savings by requiring an investment for a period of 15 years. At maturity after 21 years, investors are rewarded with a good return that is much higher than the total amount invested. SSY has made it flexible to invest in the future of daughters, with annual contributions ranging from Rs 250 to a maximum of Rs 1.5 lakh. This flexibility dictates that fathers can contribute according to their financial capacity. The most striking feature of this scheme is that the amount invested in it triples by the time of maturity, which makes it a good option to secure the financial future of the daughter.
Public Provident Fund (PPF)
Parents can open Public Provident Fund accounts for their children in which both individuals can invest together. This is a scheme in which you can get good returns by investing. You can open this account with just Rs 500, although you can invest only Rs 1.50 lakh in a year.
Balika Samridhi Yojana
Let us tell you that Balika Samridhi Yojana, which aims to provide financial assistance to the daughters of people living below the poverty line from birth to their education. At the same time, the government also bears the cost of the girl’s education in this scheme.
Kisan Vikas Patra (KVP)
This is a scheme in which you can invest very well and also get good returns, yes, you can also invest in the name of your minor children in Kisan Vikas Patra. There is no limit to investing in this scheme. The most important thing about this scheme is that the money invested in it doubles automatically in 115 months.